The American Iron and Steel Institute has reported that the US imported a total of 2.006 million net tons of steel in November 2022, including 1.758 million net tons of finished steel, down 17.0% and 10.7%, respectively, vs October 2022. Finished steel import market share was an estimated 22% in November Key steel products with a significant import increase in November compared to October are oil country goods (up 35%) and plates in coils (up 11%). In November, the largest suppliers were Canada (525,000 NT, down 6% vs. October), Mexico (250,000 NT, down 41%), Brazil (145,000 NT, down 28%), South Korea (139,000 NT, down 31%) and Germany (118,000 NT, up 10%). Total and finished steel imports are up 0.2% and 14.1%, respectively, year-to-date vs. 2021. Over the 12-month period December 2021 to November 2022, total and finished steel imports are up 4.8% and 17.4%, respectively, vs. the prior 12-month period. Finished steel import market share was an estimated at 24% over the first eleven months of 2022. Products with a significant increase in imports over the 12-month period December 2021 to November 2022 compared to the previous 12-month period include standard pipe (up 52%), oil country goods (up 48%), heavy structural shapes (up 43%), line pipe (up 41%) and wire rods (up 40%). Over the 12-month period December 2021 to November 2022, the largest suppliers were Canada (6.890 million NT, no change compared to the previous 12-months), Mexico (5.440 million NT, up 22%), South Korea (2.825 million NT, up 4%), Brazil (2.772 million NT, down 33%) and Japan (1.216 million NT, up 14%).
The American Iron and Steel Institute has reported that the US imported a total of 2.006 million net tons of steel in November 2022, including 1.758 million net tons of finished steel, down 17.0% and 10.7%, respectively, vs October 2022. Finished steel import market share was an estimated 22% in November Key steel products with a significant import increase in November compared to October are oil country goods (up 35%) and plates in coils (up 11%). In November, the largest suppliers were Canada (525,000 NT, down 6% vs. October), Mexico (250,000 NT, down 41%), Brazil (145,000 NT, down 28%), South Korea (139,000 NT, down 31%) and Germany (118,000 NT, up 10%). Total and finished steel imports are up 0.2% and 14.1%, respectively, year-to-date vs. 2021. Over the 12-month period December 2021 to November 2022, total and finished steel imports are up 4.8% and 17.4%, respectively, vs. the prior 12-month period. Finished steel import market share was an estimated at 24% over the first eleven months of 2022. Products with a significant increase in imports over the 12-month period December 2021 to November 2022 compared to the previous 12-month period include standard pipe (up 52%), oil country goods (up 48%), heavy structural shapes (up 43%), line pipe (up 41%) and wire rods (up 40%). Over the 12-month period December 2021 to November 2022, the largest suppliers were Canada (6.890 million NT, no change compared to the previous 12-months), Mexico (5.440 million NT, up 22%), South Korea (2.825 million NT, up 4%), Brazil (2.772 million NT, down 33%) and Japan (1.216 million NT, up 14%).
